The farm gate price of a kilo of palay continued to rise in January, according to data released Wednesday by the Philippine Statistics Authority, which is a boon for farmers but a bane for rice consumers.
Local output growth measured as the gross domestic product (GDP) is forecast to ease further this year to 5.4 percent, lower than last year's growth print of 5.6 percent, analysts at the Manila unit of the Dutch giant ING said on Monday.
The government already spent in 11 months P1.02 trillion of its commitment to spend P1.33 trillion in various public infrastructures in 2023, Budget Secretary Mina F. Pangandaman said on Sunday.
Foreign investments approved by various investment promotions agencies reached P394.45 billion in the fourth quarter, more than double the P173.61 billion in the year-earlier period even though a number of IPAs didn’t report any approvals during the period.
The Philippine Exporters Confederation, Inc. (PHILEXPORT) hailed a sweeping 6-3 decision by the United States Supreme Court striking down former President Donald Trump’s “reciprocal” tariffs, calling it a decisive lift of an unfair burden on Philippine exporters.
Newly-merged Honda Philippines, Inc. (HPI) is accelerating its manufacturing push, unveiling a major expansion in motorcycle engine components as it doubles down on its long-term commitment to the Philippine market.
Recovery in the Visayas is still a work in progress, but property developer Cebu Landmasters Inc. is ensuring resilience is built into that recovery, not treated as an afterthought.